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Yatseniuk: In case if Governmental package of draft laws is approved, support of economy will total USD 13.6 billion
28.03.2014 16:48 "Agro Perspectiva" (Kyiv) —
In case if the Parliament approves the legislative initiatives directed to prevent the financial catastrophe and creating prerequisites for the economic growth in Ukraine, the amount of financial support provided to Ukraine’s economy will total USD 13.6 billion and so within 2014–2015 the Cabinet will be capable to realize «a very ambitious investment program».
The Prime Minister Arsenii Yatseniuk announced that on Thursday, March 27, at the Verkhovna Rada session, Government Portal reports.
As to him, the general volume of support for Ukrainian economy will total USD 13.6 billion. In particular, it comprises the World Bank budget loan worth USD 1 billion; funds to be transferred by the European Union for the so-called macro-financial assistance worth USD 2 billion; macro-financial assistance from the US Congress worth USD 1 billion. Moreover, Arsenii Yatseniuk informed the Government of Japan suggested USD 100 million, the Government of Poland - USD 100 million, additional USD 200 million would be rendered by the World Bank for the so-called project activity; the EBRD would provide USD 200 million, the European Investment Bank - USD 170 million; the International Financial Corporation - USD 400 million.
«Besides, we have agreed with our credit providers to leave a tool of economic support such as governmental guarantees for the investment projects. It is UAH 25 billion which we will receive for our agro-industrial and industrial sector,» Arsenii Yatseniuk stressed.
He also stressed that the National Bank is an independent body, the Government has no right and will never dictate policy of the Central Bank. «But, to our conviction, the rates to attract funds worth 25% and credit rates amounting 35% are unacceptable. We urge the National Bank to launch the widest program of refinancing of the commercial banks with 14% interest, so that it becomes possible to direct the resources into the economy at a rate not higher 17–18% with the inflation 12–14%. The payment for the resources will make up only 4–5% as is in the EU member countries. The prices have grown by 14%, the rate in crediting - 18%, the actual charge - 4%,» Yatseniuk admitted.
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